- WTI broke to a 5-month high on reports that the US is to cease sanction ‘waivers’ to countries who import Iranian crude from 2nd May.
- CAD is the strongest major on the back of higher oil prices, with CAD/CHF currently sitting as the largest gainer of the session. Volatility remained low outside of CAD pairs.
- The long Easter weekend meant liquidity was likely lower than usual and the newsflow was at a minimum.
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